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ProCredit Bank was founded in 2002 as Banca de Microfinantare MIRO and was renamed in December 2004. [1]In 2013, the bank signed loan guarantee agreements with the European Investment Fund in order to give small and medium businesses in Romania better access to loans.
The ProCredit Bank Deutschland is a bank based in Frankfurt am Main. It is the youngest bank of the ProCredit Holding, which operates primarily in Southeastern and Eastern Europe as well as in South America [1] and wants to make a contribution to sustainable economic development through responsible banking business.
The ProCredit Holding is the parent company of a development-oriented group of commercial banks for small and medium enterprises (), which operate in Southeastern Europe, Eastern Europe, Ecuador, and Germany.
Credit Bank 18 April 1997 Bankruptcy 9 November 2000 Albina Bank 13 May 1999 Bankruptcy 25 May 1999 Bancorex: 31 July 1999 Merged with Banca Comercială Română: 30 July 1999 Bankcoop 8 February 2000 Bankruptcy 8 February 2000 Columna Bank 22 June 2000 Bankruptcy 18 March 2003 International Religion Bank 10 July 2000 Bankruptcy 10 July 2000
A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending. Members all chip in regularly and take turns withdrawing accumulated sums.
Dana is a digital financial service based in Jakarta, Indonesia, which acts as a digital payment to replace conventional wallets. Founded in 2018, Dana is a digital wallet registered with Bank Indonesia with four licenses including electronic money , digital wallet , money transfer, and digital financial liquidity.
Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.
Ion Țiriac Bank was founded in 1991, and then in June 2005 it merged with HVB Bank Romania. [10] In the merger moment in 2005, Ion Țiriac Bank has a network of 60 units, total assets of 706 million (31 March 2005) and a market share of 2.9%, which ranks 11th in the banking system in Romania. [11]